Industrial goods are materials that are used to produce consumer goods, which are the finished products sold to and used by consumers. Industrial goods include machinery, … See more

Industrial goods are classified as either production goods or support goods. Production goods are used to manufacture a finished product, while support goods, such as ma… See more

Consumer goodsare tangible commodities produced and purchased to satisfy the wants or needs of a buyer. That's why these goods are also referred to as final goo… See more

There are other key differences between industrial and consumer goods. The market for Industrial goods is limited to a few buyers, and the output of them is relatively small. Con… See more

Some industrial products are out there for all to see, like UPS trucks. Most are rarely seen by anyone other than the workers who operate them behind the scenes in manufacturi… See more